CNBC Pro

BTIG downgrades Nike, says Covid impact on supply chain will hit stock

A man walks past the Nike logo seen in a window of a brand store in Kiev.
Pavlo Gonchar | LightRocket | Getty Images

The supply-chain concerns caused by Covid are about to become a major problem for Nike, according to investment firm BTIG.

More In Street Calls

CNBC ProAnalysts are standing by these 'well positioned' growth stocks to ride out the market choppiness
CNBC ProHere are Friday's biggest analyst calls of the day: Amazon, Marvell, Honeywell, FedEx, Chipotle & more
CNBC ProDeutsche Bank initiates Peloton at buy, says the stock can rebound more than 70%